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2016-10-18 07:26:21

07:26

10/18/16

10/18

07:26

10/18/16

07:26

Futures point to higher open as earnings roll in

Stock futures are pointing to a higher open as the earnings season begins to pick up velocity. Investors will be watching the earnings data as well as several economic data points scheduled for release. Prior to the open is the consumer prices report, which will be followed by the housing market index shortly after the open. In early pre-market trading, Dow futures are 91 points above fair value, Nasdaq futures are 42 points above fair value and S&P futures are 14 points above fair value.

UP AFTER EARNINGS: Cintas (CTAS), up 2.9%... Micron (MU), up 2.8%. ALSO HIGHER: Editas Medicine (EDIT), up 3.1% after it received the EMA's orphan medicinal product designation for EDIT-101... Twitter (TWTR), up 1.8% after it said it will start testing longer, 280-character tweets with a small group. DOWN AFTER EARNINGS: Nike (NKE), down 3.2%. ALSO LOWER: Kornit Digital (KRNT), down 12.2% after it cut its third quarter revenue guidance... Westlake Chemical Partners (WLKP), down 8.3% after it filed to sell 4.5M units for limited partners... Intra-Cellular (ITCI), down 7.2% after it filed to sell $150M in common stock... Ascendis Pharma (ASND), down 4.3% after it announced an offering of $125M of ADSs.